One of President Biden’s top economic advisers was pressed Friday on his campaign pledge to go to war with the American oil industry as he now calls on them to produce more and self-reduce their “exorbitant profits.”
Biden economic adviser Jared Bernstein told Fox News on “The Story” Friday that Biden has indeed reached out to oil executives as he seeks cooperation: “He is fighting for the middle class at the pump and that’s exactly what he should.”
However, the adviser was later pressed on Biden’s past pledges to confront the oil industry, including an exchange with a woman in New Castle, N.H., where he said, “Kiddo, I want you to just take a look at my eyes – I guarantee you we’re going to end fossil fuels and I’m not going to cooperate…”
In a debate, Biden pledged to end subsidies for the industry, drilling on federal lands or offshore areas, adding “…no ability for the oil industry to continue to drill, period.”
On the first day of his administration, he also ended the Keystone XL pipeline, which would have transported oil from Alberta, Canada to Port Arthur, Texas.